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Global Power Plant Boiler Market: Overview
The demand for power has considerably increased around the world. The rapid urbanization
and industrialization displayed by emerging nations has also fuelled the demand for
power. To cater to this growing demand, government institutions are heavily investing
in the construction of new power plants and upgrading existing ones. In countries
such as the U.S., the Netherlands, and the U.K., authorities have been focusing on
alternate and cleaner fuel sources such as biogas, biomass, and natural gas, thus
aiding the expansion of the power plant boilers market across developed nations.
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A power plant boiler is a machine that produces steam by applying heat energy to water.
A boiler is used in industries that need steam for various operations. The form and
size of these boilers to be installed depend on their purpose or application. Boilers
for use in industrial installation and power stations are usually larger and are connected
to point-of-use piping.

In the highly fragmented competitive landscape of the global biomass boilers market,
none of the leading companies accounted for a share of over 10% in the overall market
in 2014, observes Transparency Market Research in a recent report. The top six companies
in the market, including Baxi Group Limited, ETA Heiztechnik GmbH, Polytechnik Group,
and Babcock & Wilcox Enterprises, Inc., collectively accounted for a relatively moderate
40% share in the global market in the said year. The remaining 59% share was held
by a fragmented chain of suppliers across the globe.
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“The market features a high degree of competition. One of the key factors responsible
for the situation is the lack of standardized regulations governing the biomass boiler
markets across the globe. This has paved the way for inexperienced vendors to go unchallenged
in the global market,” states a TMR analyst. Nevertheless, the market has promising
growth prospects and is expected to exhibit a remarkable 18% CAGR over the period
between 2016 and 2024.
global-biomass-boiler-market-market-revenue

Well Pad is a platform that has been made for a drilling rig to work on a plot of
land meant for crude oil and natural gas extraction. The producing well pad typically
includes five types of equipments such as wellheads, separation unit, tanks, combustors
and remote telemetry unit (RTU). There is a wellhead on the pad for every well drilled
and many have multiple wells. The wellheads are made up of a metal housing of valves,
seals and tubes at the surface which controls the extraction of oil and gas from the
underground well. Wellhead also prevents any leaking of oil and gas out of the well.
Advanced monitoring equipment transmits wellhead pressures to the control unit.
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Burgeoning power demand coupled with presence of cross-subsidy charge in the per unit
power generation cost are the key factors driving growth in the global captive power
generation market. Growing power demand worldwide along with the increasing urbanization,
industrialization and a growing population is anticipated to boost growth in the global
captive power generation market. Captive power generation refers to power generation
plant set up by any individual or industry for its own consumption; it may include
a power generation plant set up by association of persons or cooperative society for
generation of power primarily for use by members of such associations or cooperative.
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